MLM @ BehindMLM

Three of Jan Gregory’s MLM crypto Ponzi schemes have received fraud warnings from California’s Department of Financial Protection and Innovation. As per an August 9th press-release, the DFPI has cited CloudFi, CoinMarketBull and Vortic United for “violations of California securities laws”.

Eddie Alexandre will pay $213,639,133 in restitution to EminiFX victims. The CFTC’s civil EminiFX case has also been reopened.

The CFTC has secured an Entry of Default against four iComTech Ponzi scammers. Following their failure to respond to the CFTC’s lawsuit, Entry of Default was entered against David Brend, Moses Valdez, Marco Ruiz Ochoa and Juan Arellano Parra on July 20th.

Restitution against Ponzi scammer Ryan Ginster has been dropped because none of his victims came forward.

iX Global, its CEO and several promoters have been sued for securities fraud by the SEC. Between iX Global and its Debt Box ruse, the SEC’s July 26th filed Complaint names eighteen defendants.

Verse Network has received a securities fraud warning from Russia. As per the Central Bank of Russia’s August 2nd warning, Verse Network exhibits

E-Creator was a typical “click a button” Ponzi targeting Zimbabwe. Run through a mobile app, E-Creator’s ruse was “clicking a button” to create fake product orders. Remarkably, after E-Creator collapsed Zimbabwean authorities were able to make an arrest. A Chinese national and two local accomplices were caught at the airport trying to flee the country.

Xaindex has received a pyramid fraud warning from Russia. As per the Central Bank of Russia’s August 1st warning, Xaindex exhibits “signs of a financial pyramid”.

Plexus has settled allegations of mail fraud for $600,000. As per a civil case brought by the DOJ, Plexus

Redwood Scientific Technologies concealer Jacques Poujade has pled guilty to “fraudulently obtaining more than $5.2 million”.